The news was announced at the World Economic Forum in Davos yesterday. The ID2020 Alliance-aid agencies Mercy Corps and the United Nations International Computing Center also joined the Alliance-aims to improve people's lives by providing digital identities.
According to a press release, the group is developing a solution that focuses on allowing users to directly own and control their personal data by using blockchain technology. The focus of the problem is that there are more than 1 1 billion people in the world who can't prove their identity, so it is difficult to get benefits and services. According to the World Bank, this situation has also caused more serious problems, such as human trafficking.
At present, the project has been donated by Microsoft 1 10,000 USD, as well as by Accenture and Rockefeller Foundation. As one of the founding members of the project, Accenture, a global consulting giant, announced its investment of 1 10,000 USD at the summit of the ID 2020 Alliance held in new york last summer.
David Tritt, general manager of Accenture's global blockchain business, said:
Decentralized, user-controlled digital identities may help refugees and other vulnerable groups gain economic opportunities, while improving the lives of those who just want to browse the Internet safely and privately.
The press release also explained that the digital identity owned by users will include legal identification issued by the government and allow seamless authentication of individuals and institutions.